Lockheed Martin Corp. (NYSE: LMT) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Lockheed Martin CFO to Speak at the J.P. Morgan Industrials Conference.

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Stocks Info

Lockheed Martin Corp. is listed on the NYSE as a member of the Industrials sector and is a part of the Aerospace & Defense industry. The current market capitalization of Lockheed Martin Corp. is $105.64B. A total of 0.9 million shares were traded on the day, compared to an average of 1.15M shares.

In the most recent transaction, Hill Stephanie C. sold 4,499 shares of LMT for 431.59 per share on Mar 06 ’24. After the transaction, the Pres. Rotary & Mission Systems now owns 12,604 company shares. In a previous transaction on Mar 05 ’24, Ulmer Gregory M sold 6,204 shares at 431.19 per share. LMT shares that President Aeronautics owns now total 0.

Among the insiders who sold shares, Lavan Maryanne disposed of 4,022 shares on Mar 05 ’24 at a per-share price of $434.39. This resulted in the SVP & General Counsel holding 0 shares of LMT after the transaction. In another insider transaction, Lightfoot Robert M JR sold 511 shares at $433.59 per share on Mar 05 ’24. Company shares held by the President Space now total 0.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Lockheed Martin Corp. pays an annual dividend of $12.30, resulting in a dividend yield of 2.81%, and it has a price to earnings (P/E) ratio of 15.87. LMT’s most recent ex-dividend date was 2/29/2024 when it declared a $3.15 quarterly dividend that was paid in cash on 3/29/2024. Previously, the company paid the dividend on 12/29/2023 with an ex-dividend date of 11/30/2023. The LMT stock dividend was $3.15 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, LMT has a high of $508.10 and a low of $393.77.

As of this writing, LMT has an earnings estimate of $5.8 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $6.37 per share and a lower estimate of $5.5. The company reported an EPS of $6.73 in the last quarter, which was 0.90% higher than expectations of $6.67.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. LMT’s latest balance sheet shows that the firm has $3.60B in Cash & Short Term Investments as of fiscal 2021. There were $11.67B in debt and $14.00B in liabilities at the time. Its Book Value Per Share was $28.48, while its Total Shareholder’s Equity was $10.96B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LMT is Buy with a score of 3.38.

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